I asked this question in the Wisdom of the Crowd:

Should weak students pursue a degree in a private university?

Here are the responses: (28 Votes)
43 % - They can pursue a degree after establishing a career
36 % - A university education is important for the future.
11 % - They should start work earlier and get experience.
11 % - They should not waste time and pursue in getting a degree that is not related to their work.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=919a